What does a bank and trust do?
A bank and trust company is a financial institution that combines traditional commercial banking services—such as checking accounts, savings deposits, personal loans, and mortgages—with fiduciary trust services. Trust departments are legally authorized to manage estates, administer wills, oversee investment portfolios, act as legal guardians, and manage assets for individuals, charities, and corporate pension funds, providing comprehensive wealth management alongside standard retail banking operations.
Related FAQs
Yes, Caldwell Bank & Trust is fully insured by the Federal Deposit Insurance Corporation.